Today we announced our most recent investment in Openbravo, the leading open source ERP vendor. Openbravo Secures $12m in this round, which is actually the largest ever round for an open source ERP vendor.
Openbravo commercializes open source ERP software for the SME market. With a fully functional, flexible and web-based product, it is definitely going to be a killer in its market.
Admitted, if you meet an excellent team (and more to be announced) with a leading software product that has over 1.500 downloads a day, 80 implementation partners worldwide, generating revenue, and almost no VC money in, it smells like a big opportunity to make this a truly global success story.
Read more on other blogs about Openbravo but here is already one interesting article : http://crn.com/software/207200738
To finish I just want to quote Manel “Let’s make it happen”.
Steven
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